Chesley Taft & Associates LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 16, 2024), Chesley Taft & Associates LLC reported 311 stock positions worth $2.0 billion. Its top holding was Microsoft (MSFT) at 5.2% of the portfolio, followed by Alphabet Class C (GOOG, 3.7%) and Apple (AAPL, 2.9%). Compared with Q4 2023, it opened 15 new positions, sold out of 5, added to 95 and reduced 130. The biggest buy was AutoZone (AZO, shares +293%) and the biggest sale Apple (AAPL, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001164632
- Portfolio Value
- $2.0B (Q1 2024)
- SEC Filing
- 0001085146-24-001808 ↗ filed Apr 16, 2024
Holdings Value
Holdings 311 stocks · $2.0B
| MSFT Microsoft Corp. | 5.18% | 240,796 | $101.3M | Reduce -0.6% |
| GOOG Alphabet Inc. Class C | 3.73% | 479,093 | $72.9M | Reduce -0.0% |
| AAPL Apple Inc. | 2.86% | 325,971 | $55.9M | Reduce -7.3% |
| COST Costco Wholesale Corp. | 2.78% | 74,215 | $54.4M | Reduce -2.1% |
| SYK Stryker Corp. | 2.74% | 149,644 | $53.6M | Reduce -0.6% |
| AVGO Broadcom Inc. | 2.44% | 35,948 | $47.6M | Reduce -4.0% |
| AMZN Amazon.com Inc. | 2.33% | 252,363 | $45.5M | Reduce -0.6% |
| NVDA Nvidia Corp. | 2.16% | 46,680 | $42.2M | Reduce -0.1% |
| PEP Pepsico Inc. | 2.15% | 240,739 | $42.1M | Add +0.2% |
| JPM JPMorgan Chase & Co. | 2.09% | 203,917 | $40.8M | Reduce -0.1% |
| IJH iShares Core S&P Midcap ETF | 2.03% | 654,621 | $39.8M | Add +22.2% |
| IJR iShares Core S&P Small-Cap E | 2.01% | 355,176 | $39.3M | Add +0.4% |
| V Visa Inc. Class A | 1.89% | 132,704 | $37.0M | Reduce -3.6% |
| JNJ Johnson & Johnson | 1.69% | 208,555 | $33.0M | Add +0.2% |
| ACN Accenture PLC Class A | 1.64% | 92,623 | $32.1M | Reduce -1.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.63% | 60,896 | $31.9M | Reduce -0.7% |
| HON Honeywell International Inc. | 1.46% | 139,434 | $28.6M | Reduce -0.5% |
| UNH Unitedhealth Group Inc. | 1.46% | 57,799 | $28.6M | Reduce -1.1% |
| ABT Abbott Laboratories | 1.38% | 237,290 | $27.0M | Reduce -0.1% |
| MA Mastercard Inc. Class A | 1.36% | 55,039 | $26.5M | Reduce -5.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.32% | 211,006 | $25.8M | Add +4.2% |
| PANW Palo Alto Networks Inc. | 1.30% | 89,339 | $25.4M | Add +16.7% |
| HD Home Depot Inc. | 1.22% | 62,127 | $23.8M | Reduce -9.0% |
| ITW Illinois Tool Works | 1.22% | 88,768 | $23.8M | Reduce -0.4% |
| TMO Thermo Fisher Scientific Inc. | 1.17% | 39,459 | $22.9M | Add +0.1% |
| IXUS iShares Core Intl Stock ETF | 1.14% | 329,684 | $22.4M | Reduce -0.3% |
| ORCL Oracle Corp. | 1.12% | 173,959 | $21.9M | Add +7.1% |
| GLD SPDR Gold Shares | 1.11% | 105,477 | $21.7M | Reduce -1.0% |
| AXP American Express Co. | 1.10% | 94,555 | $21.5M | Reduce -0.2% |
| VEU Vanguard Ftse All-World Ex-U | 1.06% | 354,415 | $20.8M | Reduce -1.1% |
| DHR Danaher Corp. | 0.98% | 77,071 | $19.2M | Add +1.2% |
| ADBE Adobe Inc. | 0.98% | 37,944 | $19.1M | Add +9.5% |
| GOOGL Alphabet Inc. Class A | 0.93% | 121,060 | $18.3M | Add +0.5% |
| MUB iShares National Muni Bond E | 0.93% | 168,386 | $18.1M | Add +11.3% |
| WM Waste Management Inc. | 0.91% | 83,308 | $17.8M | Add +0.5% |
| META Meta Platforms Inc. Class A | 0.90% | 36,227 | $17.6M | Reduce -1.2% |
| LLY Eli Lilly & Co. | 0.85% | 21,390 | $16.6M | Reduce -0.6% |
| COR Cencora Inc. | 0.84% | 67,383 | $16.4M | Reduce -0.1% |
| AZO AutoZone Inc. | 0.83% | 5,125 | $16.2M | Add +293.0% |
| KO The Coca-Cola Co. | 0.82% | 262,536 | $16.1M | Add +14.4% |
| CRM Salesforce Inc. | 0.75% | 48,479 | $14.6M | Reduce -2.1% |
| XOM Exxon Mobil Corp. | 0.75% | 125,578 | $14.6M | Reduce -1.6% |
| IVV iShares Core S&P 500 ETF | 0.72% | 26,754 | $14.1M | Reduce -5.0% |
| UNP Union Pacific Corp. | 0.64% | 50,990 | $12.5M | Reduce -0.3% |
| APH Amphenol Corp. Class A | 0.63% | 107,302 | $12.4M | Reduce -5.8% |
| APD Air Products & Chemicals Inc. | 0.63% | 50,800 | $12.3M | Reduce -4.3% |
| XLF SS Financial Select Sector | 0.60% | 279,834 | $11.8M | Reduce -1.5% |
| BX Blackstone Inc. | 0.60% | 89,072 | $11.7M | Add +17.6% |
| ICE Intercontinental Exchange Inc. | 0.59% | 84,076 | $11.6M | Reduce -0.1% |
| VEA Vanguard Ftse Developed ETF | 0.55% | 215,244 | $10.8M | Add +1.5% |
| AGG iShares Core U.S. Aggregate | 0.53% | 106,608 | $10.4M | Reduce -0.5% |
| EFA iShares MSCI Eafe ETF | 0.52% | 127,621 | $10.2M | Reduce -0.6% |
| ZTS Zoetis Inc. | 0.52% | 60,059 | $10.2M | Add +0.8% |
| FISV Fiserv Inc. | 0.50% | 60,907 | $9.7M | Add +0.7% |
| ECL Ecolab Inc. | 0.49% | 41,160 | $9.5M | Reduce -0.3% |
| CHD Church & Dwight Co. Inc. | 0.48% | 90,349 | $9.4M | Add +1.3% |
| WTW Willis Towers Watson PLC | 0.48% | 34,137 | $9.4M | Add +7.6% |
| MCD McDonald's Corp. | 0.43% | 29,912 | $8.4M | Reduce -0.4% |
| NEE Nextera Energy Inc. | 0.43% | 131,161 | $8.4M | Add +2.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.41% | 31,049 | $8.1M | Reduce -3.9% |
| MRK Merck & Co. Inc. | 0.41% | 60,822 | $8.0M | Add +11.4% |
| WFC Wells Fargo & Co. | 0.39% | 132,590 | $7.7M | Add +3.5% |
| RTX RTX Corp. | 0.39% | 78,703 | $7.7M | Add +143.6% |
| MDY State Street SPDR S&P Midcap | 0.39% | 13,680 | $7.6M | Reduce -0.3% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.38% | 29,905 | $7.5M | Add +2.0% |
| NTRS Northern Trust Corp. | 0.38% | 83,353 | $7.4M | Add +0.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.37% | 31,874 | $7.3M | Add +1.4% |
| PG The Procter & Gamble Co. | 0.37% | 44,905 | $7.3M | Add +0.1% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.36% | 6,927 | $7.0M | Add +12.2% |
| SBUX Starbucks Corp. | 0.35% | 74,206 | $6.8M | Add +0.7% |
| FTV Fortive Corp. | 0.35% | 78,478 | $6.8M | Add +1.3% |
| TSCO Tractor Supply Company | 0.31% | 23,299 | $6.1M | Add +2.4% |
| WY Weyerhaeuser Co. | 0.31% | 169,097 | $6.1M | Reduce -1.3% |
| SYY Sysco Corp. | 0.30% | 72,775 | $5.9M | Reduce -2.5% |
| FLOT iShares Floating Rate Bond E | 0.30% | 113,850 | $5.8M | Add +13.7% |
| CVX Chevron Corp. | 0.29% | 36,191 | $5.7M | Reduce -0.5% |
| AMGN Amgen Inc. | 0.28% | 18,965 | $5.4M | Add +3.2% |
| LOW Lowe's Cos Inc. | 0.26% | 20,316 | $5.2M | Reduce -0.3% |
| TFC Truist Financial Corp. | 0.25% | 124,116 | $4.8M | Add +1.6% |
| SPGI S&P Global Inc. | 0.24% | 11,235 | $4.8M | Add +2.3% |
| INTU Intuit Inc. | 0.24% | 7,300 | $4.7M | Reduce -1.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.24% | 46,578 | $4.7M | Reduce -1.6% |
| SHW The Sherwin-Williams Co. | 0.24% | 13,474 | $4.7M | Reduce -6.2% |
| LIN Linde PLC | 0.23% | 9,723 | $4.5M | Reduce -9.9% |
| OKE Oneok Inc. | 0.23% | 56,079 | $4.5M | Add +0.1% |
| IBB iShares Biotechnology ETF | 0.23% | 32,559 | $4.5M | Add +0.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.23% | 117,817 | $4.5M | Reduce -6.1% |
| BLK BlackRock Finance Inc. | 0.23% | 5,282 | $4.4M | Add +0.2% |
| ADP Automatic Data Processing | 0.22% | 17,581 | $4.4M | Add +1.0% |
| TMUS T-Mobile US Inc. | 0.22% | 26,783 | $4.4M | Add +0.4% |
| ALC Alcon Inc. filed as ALCON AG | 0.22% | 50,955 | $4.2M | Reduce -8.9% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.22% | 82,532 | $4.2M | Reduce -7.9% |
| PFE Pfizer Inc. | 0.21% | 151,226 | $4.2M | Reduce -2.7% |
| ROP Roper Technologies Inc. | 0.21% | 7,265 | $4.1M | Add +0.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.20% | 24,544 | $4.0M | Reduce -0.8% |
| ABBV Abbvie Inc. | 0.20% | 20,938 | $3.8M | Add +1.1% |
| AON Aon PLC Class A | 0.19% | 11,356 | $3.8M | Reduce -1.1% |
| EMR Emerson Electric Co. | 0.19% | 33,256 | $3.8M | Add +3.7% |
| PGR Progressive Corp. | 0.19% | 18,080 | $3.7M | Reduce -2.6% |
| SHM SS SPDR N Ice St Muni ETF | 0.19% | 78,684 | $3.7M | Reduce -8.9% |
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -7.3% | 2.86% | −0.94 |
| UNH Unitedhealth Group Inc. | Reduce -1.1% | 1.46% | −0.26 |
| ACN Accenture PLC Class A | Reduce -1.9% | 1.64% | −0.22 |
| APD Air Products & Chemicals Inc. | Reduce -4.3% | 0.63% | −0.19 |
| HON Honeywell International Inc. | Reduce -0.5% | 1.46% | −0.19 |
| CVS CVS Health Corp. | Reduce -78.5% | 0.03% | −0.12 |
| EPD Enterprise Products Partners | Reduce -83.6% | 0.02% | −0.12 |
| V Visa Inc. Class A | Reduce -3.6% | 1.89% | −0.12 |
| HD Home Depot Inc. | Reduce -9.0% | 1.22% | −0.11 |
| ITW Illinois Tool Works | Reduce -0.4% | 1.22% | −0.09 |
| ABT Abbott Laboratories | Reduce -0.1% | 1.38% | −0.09 |
| BHP BHP Group Ltd.-Spon ADR | Sold out | 0.00% | −0.07 |
| MCD McDonald's Corp. | Reduce -0.4% | 0.43% | −0.07 |
| AWK American Water Works Co. Inc. | Sold out | 0.00% | −0.07 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -1.1% | 1.06% | −0.07 |
| UNP Union Pacific Corp. | Reduce -0.3% | 0.64% | −0.06 |
| AGG iShares Core U.S. Aggregate | Reduce -0.5% | 0.53% | −0.06 |
| IXUS iShares Core Intl Stock ETF | Reduce -0.3% | 1.14% | −0.06 |
| GOOG Alphabet Inc. Class C | Reduce -0.0% | 3.73% | −0.06 |
| GIS General Mills Inc. | Reduce -39.0% | 0.08% | −0.06 |
| ET Energy Transfer LP | Reduce -41.4% | 0.08% | −0.05 |
| ICSH iShares Ultra Short Duration | Reduce -25.1% | 0.10% | −0.05 |
| TXN Texas Instruments Inc. | Reduce -21.9% | 0.12% | −0.05 |
| MA Mastercard Inc. Class A | Reduce -5.9% | 1.36% | −0.04 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -7.9% | 0.22% | −0.04 |
| SHM SS SPDR N Ice St Muni ETF | Reduce -8.9% | 0.19% | −0.04 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -14.3% | 0.14% | −0.04 |
| PFE Pfizer Inc. | Reduce -2.7% | 0.21% | −0.04 |
| IVV iShares Core S&P 500 ETF | Reduce -5.0% | 0.72% | −0.04 |
| APTV Aptiv Irish Holdings Ltd. | Reduce -0.3% | 0.14% | −0.03 |
| GLD SPDR Gold Shares | Reduce -1.0% | 1.11% | −0.03 |
| SLV iShares Silver Trust | Reduce -44.4% | 0.04% | −0.03 |
| COST Costco Wholesale Corp. | Reduce -2.1% | 2.78% | −0.03 |
| ALC Alcon Inc. | Reduce -8.9% | 0.22% | −0.03 |
| NVS Novartis AG-Sponsored ADR | Reduce -1.1% | 0.16% | −0.03 |
| WY Weyerhaeuser Co. | Reduce -1.3% | 0.31% | −0.02 |
| VTIP Vanguard Short-Term Tips | Reduce -10.4% | 0.11% | −0.02 |
| XIFR XPLR Infrastructure LP | Sold out | 0.00% | −0.02 |
| BSCO Invesco Bulletshares 2024 CB | Reduce -47.0% | 0.02% | −0.02 |
| EFA iShares MSCI Eafe ETF | Reduce -0.6% | 0.52% | −0.02 |
| CMS CMS Energy Corp. | Reduce -28.9% | 0.04% | −0.02 |
| CZR Caesars Entertainment Inc. | Reduce -14.3% | 0.05% | −0.02 |
| VLTO Veralto Corp. | Reduce -42.7% | 0.02% | −0.02 |
| LIN Linde PLC | Reduce -9.9% | 0.23% | −0.02 |
| CTSH Cognizant Tech Solutions-A | Reduce -3.7% | 0.10% | −0.02 |
| FLO Flowers Foods Inc. | Sold out | 0.00% | −0.02 |
| BA The Boeing Co. | Sold out | 0.00% | −0.02 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -3.9% | 0.41% | −0.02 |
| FLRN SS SPDR BB Ig Float RT ETF | Reduce -16.2% | 0.06% | −0.02 |
| INTU Intuit Inc. | Reduce -1.1% | 0.24% | −0.02 |
Portfolio Buys Q4 2023 → Q1 2024
| AZO AutoZone Inc. | Add +293.0% | 0.83% | +0.64 |
| IJH iShares Core S&P Midcap ETF | Add +22.2% | 2.03% | +0.37 |
| DIS The Walt Disney Co. | Add +4.2% | 1.32% | +0.29 |
| RTX RTX Corp. | Add +143.6% | 0.39% | +0.24 |
| ORCL Oracle Corp. | Add +7.1% | 1.12% | +0.16 |
| ETN Eaton Corp. PLC | New | 0.14% | +0.14 |
| TDG Transdigm Group Inc. | New | 0.10% | +0.10 |
| MRK Merck & Co. Inc. | Add +11.4% | 0.41% | +0.08 |
| WM Waste Management Inc. | Add +0.5% | 0.91% | +0.08 |
| GWW WW Grainger Inc. | Add +12.2% | 0.36% | +0.07 |
| KO The Coca-Cola Co. | Add +14.4% | 0.82% | +0.06 |
| NBIX Neurocrine Biosciences Inc. | New | 0.05% | +0.05 |
| WTW Willis Towers Watson PLC | Add +7.6% | 0.48% | +0.05 |
| FISV Fiserv Inc. | Add +0.7% | 0.50% | +0.05 |
| BX Blackstone Inc. | Add +17.6% | 0.60% | +0.04 |
| WFC Wells Fargo & Co. | Add +3.5% | 0.39% | +0.04 |
| TSCO Tractor Supply Company | Add +2.4% | 0.31% | +0.04 |
| IBM Intl Business Machines Corp. | Add +16.3% | 0.17% | +0.03 |
| PANW Palo Alto Networks Inc. | Add +16.7% | 1.30% | +0.03 |
| FNF Fidelity National Financial | New | 0.03% | +0.03 |
| IBDU iShares Ibonds Dec 2029 Term | New | 0.03% | +0.03 |
| OMC Omnicom Group | Add +35.0% | 0.10% | +0.03 |
| FTV Fortive Corp. | Add +1.3% | 0.35% | +0.03 |
| HRB H&R Block Inc. | New | 0.02% | +0.02 |
| EWJ iShares MSCI Japan ETF | Add +60.4% | 0.05% | +0.02 |
| EW Edwards Lifesciences Corp. | Add +0.6% | 0.15% | +0.02 |
| JMUB JPMorgan Municipal ETF | New | 0.02% | +0.02 |
| EMR Emerson Electric Co. | Add +3.7% | 0.19% | +0.02 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +59.5% | 0.05% | +0.02 |
| CMF iShares California Muni Bond | New | 0.01% | +0.01 |
| ABBV Abbvie Inc. | Add +1.1% | 0.20% | +0.01 |
| CSL Carlisle Cos Inc. | Add +2.9% | 0.10% | +0.01 |
| SLQD iShares 0-5 YR Inv GRD Corp. | New | 0.01% | +0.01 |
| IXC iShares Global Energy ETF | Add +35.1% | 0.05% | +0.01 |
| JBLU Jetblue Airways Corp. | New | 0.01% | +0.01 |
| FLOT iShares Floating Rate Bond E | Add +13.7% | 0.30% | +0.01 |
| IBDV iShares Ibonds Dec 2030 Corp. | New | 0.01% | +0.01 |
| TRGP Targa Resources Corp. | New | 0.01% | +0.01 |
| WMT Walmart Inc. | New | 0.01% | +0.01 |
| OEF iShares S&P 100 ETF | New | 0.01% | +0.01 |
| CBT Cabot Corp. | New | 0.01% | +0.01 |
| D Dominion Energy Inc. | Add +42.6% | 0.04% | +0.01 |
| OKE Oneok Inc. | Add +0.1% | 0.23% | +0.01 |
| IBDR iShares Ibonds Dec 2026 Term | Add +25.8% | 0.07% | +0.01 |
| ITOT iShares Core S&P Total U.S. | Add +38.1% | 0.03% | +0.01 |
| TER Teradyne Inc. | Add +18.6% | 0.08% | +0.01 |
| CHD Church & Dwight Co. Inc. | Add +1.3% | 0.48% | +0.01 |
| RRX Regal Rexnord Corp. | Add +0.8% | 0.07% | +0.01 |
| GPK Graphic Packaging Holding Co. | Add +0.3% | 0.10% | +0.01 |
| FBND Fidelity Total Bond ETF | Add +23.3% | 0.08% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 369 | $2.6B | GOOG, NVDA, AAPL, AMZN, MSFT |
| Q1 2026 | 370 | $2.4B | GOOG, MSFT, NVDA, AAPL, AMZN |
| Q4 2025 | 371 | $2.5B | GOOG, MSFT, NVDA, AVGO, AAPL |
| Q3 2025 | 348 | $2.4B | MSFT, GOOG, NVDA, AVGO, AAPL |
| Q2 2025 | 334 | $2.2B | MSFT, GOOG, AVGO, NVDA, AMZN |
| Q1 2025 | 330 | $2.1B | MSFT, GOOG, AAPL, COST, SYK |
| Q4 2024 | 326 | $2.2B | MSFT, GOOG, AVGO, AAPL, COST |
| Q3 2024 | 323 | $2.1B | MSFT, GOOG, AAPL, COST, AVGO |
| Q2 2024 | 309 | $2.0B | MSFT, GOOG, AAPL, COST, NVDA |
| Q1 2024 | 311 | $2.0B | MSFT, GOOG, AAPL, COST, SYK |